Western Digital Corporation (WDC)
Quick ratio
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,879,000 | 1,894,000 | 2,481,000 | 2,032,000 | 2,023,000 | 2,220,000 | 1,871,000 | 2,049,000 | 2,327,000 | 2,505,000 | 2,531,000 | 3,290,000 | 3,370,000 | 2,734,000 | 2,956,000 | 2,995,000 | 3,048,000 | 2,943,000 | 3,137,000 | 3,248,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 3,000 | — | — | 1,646,000 | 1,586,000 | 1,694,000 | 1,858,000 | 1,746,000 | 1,875,000 | — | — | — |
| Receivables | US$ in thousands | 2,170,000 | 1,800,000 | 1,523,000 | 1,451,000 | 1,598,000 | 1,591,000 | 1,905,000 | 2,422,000 | 2,804,000 | — | 2,743,000 | — | 2,257,000 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,087,000 | 4,053,000 | 4,693,000 | 5,792,000 | 5,434,000 | 5,261,000 | 4,382,000 | 4,966,000 | 5,237,000 | 4,397,000 | 4,929,000 | 4,709,000 | 4,870,000 | 4,501,000 | 4,526,000 | 4,429,000 | 4,406,000 | 4,471,000 | 4,482,000 | 4,288,000 |
| Quick ratio | 0.67 | 0.91 | 0.85 | 0.60 | 0.67 | 0.72 | 0.86 | 0.90 | 0.98 | 0.57 | 1.07 | 1.05 | 1.48 | 0.98 | 1.06 | 1.07 | 1.12 | 0.66 | 0.70 | 0.76 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,879,000K
+ $—K
+ $2,170,000K)
÷ $6,087,000K
= 0.67
The quick ratio of Western Digital Corporation has displayed some fluctuations over the past several quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio was 0.67 as of June 30, 2024, which indicates that for every $1 of current liabilities, the company had $0.67 of quick assets available to cover them. This suggests that the company may have had some challenges in meeting its short-term obligations at that point in time.
Looking at the trend over the past few quarters, the quick ratio has shown variability. For example, the quick ratio was relatively strong at 1.48 as of December 31, 2021, indicating a healthy liquidity position. However, it dropped to 0.57 as of March 31, 2022, signaling a potential strain on the company's ability to cover its short-term liabilities with its quick assets.
Overall, the quick ratio of Western Digital Corporation has been fluctuating, indicating variability in the company's liquidity position. It is important for investors and stakeholders to monitor this ratio closely to assess the company's short-term liquidity risk and financial health.
Peer comparison
Jun 30, 2024